Explore this exceptional 25,000 sq ft flat, rectangular lot with immense development potential. Recently rezoned from RS1 to RS-2, the property now allows for the construction of up to five 4,000 sq ft lots, making it a prime ready-to-build project for developers. Alternatively, retain and renovate the existing three grandfathered dwellings, which can generate a rental income of $4,000 to $4,500 per month. One home is currently tenanted on a month-to-month, providing instant revenue. Nestled in a highly sought-after area near the University of the Fraser Valley, hospital, schools, and recreational facilities, this is a rare opportunity. Act fast to secure this incredible property!
Property Type:
Residential Detached
Dwelling Type:
House/Single Family
Home Style:
Rancher/Bungalow
Year built:
999
(Age: 1,025)
Total area:
572 sq. ft.53.14 m2
Total Floor Area:
572 sq. ft.53.14 m2
Price Per SqFt:
$1,748.25
Total unfinished area:
0 sq. ft.0 m2
Main Floor Area:
572 sq. ft.53.14 m2
Floor Area Above Main:
0 sq. ft.0 m2
Floor Area Above Main 2:
0 sq. ft.0 m2
Floor Area Below Main:
0 sq. ft.0 m2
Basement Area:
0 sq. ft.0 m2
No. Floor Levels:
1.0
Bedrooms:
2
(Above Grd: 2)
Bathrooms:
1.0
(Full:1/Half:0)
Kitchens:
1
Rooms:
5
Taxes:
$3,128.83 /
2024
Lot Area:
26,242.69 sq. ft.2,438.03 m2
Lot Frontage:
100'30.48 m
Lot Depth:
251
Outdoor Area:
Patio(s)
Water Supply:
Community
Plan:
KAP8355
Heating:
Forced Air, Natural Gas
Construction:
Frame - Wood
Foundation:
Concrete Perimeter
Basement:
None
Roof:
Asphalt
Fireplaces:
0
Fireplace Details:
None
Parking:
Add. Parking Avail., Carport; Single
Exterior Finish:
Aluminum, Wood
Title to Land:
Freehold NonStrata
Flood Plain:
No
Floor
Type
Size
Other
Main
Living Room
12'10"3.91 m × 9'5"2.87 m
-
Main
Kitchen
12'3.66 m × 9'2.74 m
-
Main
Bedroom
11'10"3.61 m × 10'3"3.12 m
-
Main
Bedroom
7'5"2.26 m × 7'2.13 m
-
Main
Laundry
17'5.18 m × 10'3.05 m
-
Floor
Ensuite
Pieces
Other
Main
No
3
Other
None
LOT 2, PLAN KAP8355, SECTION 5, TOWNSHIP 5, RANGE 26, MERIDIAN W6, YALE DIV OF YALE LAND DISTRICT, MANUFACTURED HOME REG.# Z04925
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